Shocked at the price increase!

[HammaMan]

Perhaps but I don't see the 0% loans coming back anytime soon and I suspect that the money I'm saving at that rate is far beyond any "incentives" they might offer....

Given the massive rate of inflation, any rate that's below inflation is still them paying you to take the loan. 0% and similar low APRs will still be available as they're not 3rd party financing / strictly in the finance biz. It's why they're able to do 0% and similar to begin with. I was over-paying on my 1.9% rate and stopped -- haven't made 2 months worth of payments and don't have another one due until April of next year. I'm making ~6% by not paying it off

Sponsored

 

[Buyer2021]

Given the massive rate of inflation, any rate that's below inflation is still them paying you to take the loan. 0% and similar low APRs will still be available as they're not 3rd party financing / strictly in the finance biz. It's why they're able to do 0% and similar to begin with.

FWIW I agree. To expand a bit on things you likely understand but others may not ....

Ford's primary business and source of revenue / profit is moving vehicle inventory, not vehicle financing. Ford also has huge capital resources available to it, even now with all that's hitting them.

In times of economic stress when Ford is not able to move inventory, they have in the past offered financing incentives far below 'traditional' lending market rates in order to stimulate inventory sales (and thereby maintain revenue). They are using those capital resources to essentially 'buy down' lending rates in order to keep inventory moving (again, the primary source of their revenue and profit).

I would not discount the possibility of similar very attractive, maybe even 0%APR, Ford Financing incentives in the likely coming days of market stress / slowing inventory sales. In fact, the likelihood of those sorts of incentives may well increase with the increase in market stress and rising 'traditional' lending rates.

By 'traditional' lending I mean loans underwritten by entities which primary business and source of revenue / profit / sustenance is lending money and direct return on same (i.e. banks, credit unions, loan companies, etc).

 

[JimL]

Their prices have totally driven me out of the market. When my lease on my 2020 XLT FX4 5.0 s-crew is up in August, I'm just buying out the residual. Everything is going up except wages.

 

[Dadofjax]

I got pretty lucky when I bought my 2021 Lariat back in March of '21, MSRP $65k out the door $58K. Today that same truck would be around $71K without any discounts available.

The worst part is I keep getting email, text and mail from dealerships letting me know they have an "amazing" trade-in offer of $30K for my 2021 F150 Lariat with 20k miles. Dealerships are trash, even if you can find a truck they jack the price up even more at the same time try to lowball their existing customers.

 

[Gaetano3]

So I ordered a 2022 F150 Lariat back in November of 2021. I took delivery of it in January of 2022 and the MSRP was $62,995. I’m in a situation where I have stipulations by my work vehicle plan that requires me to trade every couple of years. I was just curious so I built a truck on Fords website of the same trim level and as closely optioned as I could get to the one I have and the MSRP was over $71,000 now. That is just utterly ridiculous! I enjoy my truck and have owned a bunch of cords over the years but I’m thinking I’ll have to go to something else next time. Anyone else is the same boat?

Dude so stupid I don’t like what’s going on

 

[tony72cutlass's']

I really want to upgrade to a supercrew 302A but it is so far out of my price range I will live with my supercab for at least 4-5 years.

at least I got all the performance goodies I wanted at 2020/2021 pricing (5.0L,3:73,4x4) I only had to finance 34K USD out the door (which is still a lot of money up here)

 

[JohnMcClane]

Pretty confident the 2022 saw a price increase at announcement, then 3 subsequent price increases in less than 6 months between December and May.

Guess the moral of the story is, I’ll be surprised if 2023 doesn’t have more price increases.

 

[tony72cutlass's']

Pretty confident the 2022 saw a price increase at announcement, then 3 subsequent price increases in less than 6 months between December and May.

Guess the moral of the story is, I’ll be surprised if 2023 doesn’t have more price increases.

So you are saying over and above what the current build and price is showing? Wow

 

[Snakebitten]

It's not like the manufacturer (Ford, in our case) is suddenly going to start receiving a cost DROP in the components and materials that make up the product they produce.

The rapid and continuous escalation in price for the product (F150) is just a reflection of what we all are witnessing everywhere we purchase anything.

It's crazy out there.

 

[JohnMcClane]

So you are saying over and above what the current build and price is showing? Wow

Yes, and it wouldn’t surprise me if the first price increase comes around Christmas this year like it did last year.

 

[tony72cutlass's']

Yes, and it wouldn’t surprise me if the first price increase comes around Christmas this year like it did last year.

Man crazy, before anyone can really get their hands on one!!

 

[Buyer2021]

Pretty confident the 2022 saw a price increase at announcement, then 3 subsequent price increases in less than 6 months between December and May.

Guess the moral of the story is, I’ll be surprised if 2023 doesn’t have more price increases.

Yep, there were 3 price increases between my order date of 12/22/2021 and blend date of 5/12/2022 (the date my Monroney sticker / MSPR was 'locked'):

1. Announced 12/23/2021; effective 12/27/2021
2. Announced 2/10/2022; effective 2/15/2022
3. Announced 4/8/2022; effective 4/13/2022

I didn't track it but IIRC there was one more before the end of 2022MY production.

In my case the net effect of those was +$3,635 on the Monroney MSRP (no effect on my sales price).

To ^that^ all I can say is thank goodness for the luck of timing and Ford / Granger Ford's price protection policies.

And of course as the 2022MY production year progressed the list of removals / feature deletions grew.

As the investment warning goes: "Past performance is no guarantee of future results", but no one should be surprised when .....

Wishing all who order in MY2023 the best of luck!

 

[Je1279]

I recently ordered a '23 F150 XLT Sport SuperCrew with a number of options and the MSRP was slightly more than your '22 Lariat order. I speced a similar Lariat (which included some additional options) and the MSRP was $70k.

 

[Buyer2021]

I recently ordered a '23 F150 XLT Sport CrewCab with a number of options and the MSRP was slightly more than your '22 Lariat order. I speced a similar Lariat (which had some additional options) and the MSRP was $70k.

Yeah, it might be interesting to see what mine would show for MSRP/invoice as a 2023MY, but of course that's not possible because there's no more Lariat SuperCab at any price and no more 500A with any cab.

Again that luck of timing is always in-play, in my case thankfully it was good luck.

So it goes, still: Wishing all who order in MY2023 the best of luck!

 

[dhrandy]

Too bad my paycheck isn’t increasing on the same scale as inflation. The other sad part is that I ordered the Lariat because it still had the bench seat, have used it many times now and love it.

Sponsored